Spear phishing is an email-spoofing attack that targets a specific organization or individual with an intention to gain the sensitive data. Spear phishing is not started by hackers, but are more likely to be initiated by military or groups for financial gains or trade secrets. Usually the emails that appear during a spear phishing attack is from a trusted source. The source could be a big known company or an influential person who the target knows well. Due to the recent increase in these attacks, employees have now become aware of suspicious emails and unexpected requests from no matter what source.

The report on the global Spear phishing market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions. It also focuses on the growth drivers and restraints for the key market players during the forecast period.

KEY BENEFITS OF THE REPORT

In-depth analysis of the market ecosystem and its impact on the revenue growth

Understanding of the strategies that are being adopted by the key players in this market to stay competitive

Valuable insights into the key technological and market trends impacting this market

KEY PREMIUM INDUSTRY INSIGHTS

The spear phishing market is growing globally due to increase in spear phishing attacks on the organizations and increase in stringent policies for security of sensitive information in organizations. Different sectors are investing to ensure efficient IT security measures.

The service segment has a high demand for email security services, hence contributing towards the growth of spear phishing market. Banking services are also boosting the market growth as they are focusing on security of assets, customers, employees, and branches.

Organizations are focusing on spreading awareness among employees about not to share personal information in response to any email or not to click or view any attachment or email until they are sure of the source.

The spear phishing market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. Latin America region holds the highest market share and is the largest revenue contributor for the spear phishing market. The rapid growth in the region is seen due to increase in digitization, use of mobile phones, and online browsing. Also, during the forecasted period, the region is witnessing a rapid increase in spear phishing attacks; requiring more security measures to deal with it and achieve efficient data security.

RESEARCH METHODOLOGY

The research methodology for Scalar Market Research’s spear phishing market report utilizes a combination of top-down and bottom-up research formats. Our primary focus on continuous market tracking, rigorous fact-checking, data-triangulation, and multiple layers of quality control ensures high-quality data that can be leveraged for actionable research insights.